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▼ Bearish for Indian equities
Erratic monsoon cuts rice yields and threatens rural incomes and spending
The brief
- Rice yields have fallen after erratic monsoon rains
- Higher farm input costs threaten rural incomes and spending during the wedding and festival season
- Weaker rural demand could pressure FMCG, consumer durables and farm-input companies
- Distinguish food weaponisation from security measures: Goyal at G20 meet
- Pulses import duties may ease over poor rains
- Euronext wheat edges lower as US corn stocks weigh on grains
- Govt announces rabi MSPs, steeper hikes for edible oils
- Rabi MSP hike may shift acreage towards pulses, oilseeds as wheat gets marginal increase: Analysts
India’s deficient monsoon and rural distress
The 2026 monsoon ended about 12.6% below the long-period average, the weakest since 2015, with 15 states below normal and 313 of 741 districts deficient or largely deficient. Drought and erratic rain have weighed on fertiliser sales and rice yields, while onion prices nearly doubled amid Maharashtra’s drought.
Thursday, 1 October
- Erratic monsoon cuts rice yields and threatens rural incomes and spending